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can someone help me with this. Ul Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the

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Ul Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the cash receipts journal. May I C. L1, the owner, contributed $10,400 cash to the company. May 7 The company purchased $6,400 of merchandise on credit from Gomez, terms n/30. May 9 The company sold merchandise costing $750 to E. James for $850 on credit, terns n/10. May 15 The company borrowed $4,560 cash by signing a note payable to the bank. May 18 The company received $850 cash from E. Janes in payment of the May 9 purchase. May 24 The company sold merchandise costing $500 to B. Cox for $550 cash

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